Sainsbury’s news and archive

Sainsbury’s CFO steps down, successor announced

UK supermarket chain Sainsbury’s has announced its CFO Kevin O'Byrne will retire from the business in March 2023 after six years in the role. The retailer’s commercial and retail finance director Bláthnaid Bergin will succeed O'Byrne, effective March 6. Bergin joined Sainsbury's in 2019 as group director of finance before being promoted in 2021...

BusinessFeatured

Sainsbury’s Q1 clothing sales ‘in line with expectations’

Tu Clothing owner Sainsbury’s said Tuesday its general merchandising and clothing sales in the first quarter ended June 25 were “in line with expectations” against a strong comparative last year. Clothing sales were down 26 percent in the first five weeks of the period, but down just 2 percent in the final 11 weeks. Sainsbury’s enjoyed a...

Retail

Sainsbury’s rolls out charitable second-hand fashion initiative to all UK stores

UK supermarket chain Sainsbury’s is expanding a charitable second-hand fashion programme to all of its UK stores following a successful trial. The initiative sees Sainsbury’s donate any clothing products from its fashion brand Tu Clothing that are not fit for resale in store to Newlife, a UK charity that recycles, reprocesses, and reuses...

PeopleFeatured

Sainsbury’s names former John Lewis MD as clothing director

Sainsbury’s has appointed former John Lewis managing director Paula Nickolds as its new general merchandise and clothing commercial director. In her new role, which begins June, Nickolds will be responsible for the commercial success of Sainsbury’s 7.8 billion pound general merchandise and clothing business which includes Sainsbury’s general...

Business

Sainsbury's reports strong Q3 with increasing clothing sales

Sainsbury's has reported strong third-quarter revenues over the Christmas period, with clothing sales also slightly up. In the 15 weeks to 2 January, like-for-like sales excluding fuel were up 8.6 percent, with total retail sales excluding fuel up 6.8 percent. Clothing sales were up 0.4 percent. For the shorter Christmas period, which covered...

Business

Tu Clothing sales plunge 53 percent during lockdown

Sales at Sainsbury’s fashion brand Tu Clothing plummeted by 53 percent for the seven weeks to April 25 as the British retail giant warned of a Covid-19 hit of over 500 million pounds during the year. The company’s preliminary full-year results published Thursday revealed that its profit before tax for the 52 weeks to 7 March reached 255 million...

FashionFeatured

John Lewis, Asos, M&S and Next collaborate on mental health initiative for retail workers

John Lewis Partnership, Tesco, Sainsbury’s, Asos, the Co-op, Marks and Spencer and Next have all teamed up to mark World Mental Health Day by launching a mental health initiative for retail workers. In a UK industry-first, the seven leading retailers have joined together with the help of UK charity Samaritans to fund and launch a new online...

Business

Sainsbury's Q2 clothing sales up 3.3 percent

Sainsbury’s has reported stronger trading across grocery, general merchandise and clothing for the second quarter. Excluding fuel, total retail sales were up 0.1 percent, with like-for-like sales down (0.2) percent. General merchandise sales were down 2 percent, while clothing sales for the period increased 3.3 percent. This is good news for the...